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MapmyIndia IPO Performance At The End Of Day 3 On 13 December 2021

05 August 20226 mins read by Angel One
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The MapmyIndia IPO, which closed on 13 December 2021, has managed to receive bids for 44,06,41,852 shares and has been subscribed a total of 154.71 times. This issue consisted entirely of an offer for sale of 1,00,63,945 shares by the existing promoters and shareholders of the company. The price band of this Rs. 1,040 crores IPO was set at Rs. 1,000- 1,033 per share with a face value of Rs. 2 for an equity share.

MapmyIndia, officially known as C.E Info Systems, is one of the major providers of geospatial software, digital maps, and location-based technologies in India. The location-based data provided by the company serves various sectors, government agencies, and top private organisations. Some of the major clients include PhonePe, Flipkart, NITI Aayog, and ISRO, among others.

The following sections will provide a detailed idea about how MapmyIndia IP performed on its final day.

How did MapmyIndia IPO Perform on the Final Bidding Day?

Here’s how MapmyIndia IPO performed across various investor segments on its closing day:

  • The Qualified Institutional Buyers category (QIB) received a bid for 19,37,51,880 shares out of 20,12,789 shares allotted for them.
  • The Non-institutional Investors (NII) segment has received 22,08,23,372 shares while 15,09,592 shares were reserved.
  • Out of 35,22,381 shares allotted for the Retail Individual Investors (RII), bids 2,60,66,600 for shares were put in on the final day.

The following tabular representation will show the MapmyIndia IPO subscriptions in different categories:

Investor Segment Subscription
Qualified Institutional Buyers 196.36 times
Non-institutional Investors 424.69 times
Retail Individual Investors 15.20 times
Total 154.71 times

MapmyIndia IPO: Details of Anchor Investment

CE Info Systems has managed to garner Rs. 311.88 crores on 8 December 2021, a day before its public offering opened. The company, after its consultation with lead running managers, decided to reserve 30,19,183 equity shares for its 34 anchor investors. The price band has been fixed at Rs. 1,033 per share. These are the anchor investors for MapmyIndia IPO:

Domestic Investors:

  • HDFC Trustee Company
  • ICICI Prudential
  • Nippon Life
  • SBI Mutual Fund
  • Aditya Birla Sun Life Trustee
  • HDFC Life Insurance
  • Tata Mutual Fund
  • Tata AIA Life Insurance
  • IDFC Mutual Fund
  • Sundaram Mutual Fund and
  • Edelweiss Trusteeship

Marquee Investors:

  • Nomura
  • Goldman Sachs
  • Morgan Stanley
  • Volrado Venture
  • Pinebridge Global Funds
  • Aberdeen Standard Asia Focus Plc
  • Theleme India Master Fund
  • HSBC Global
  • University of Notre Dame DU LAC and
  • Fidelity

MapmyIndia, through its public offering, aims to conduct an offer for sale of its 1,00,63,945 equity shares and also achieve the benefits of share listing on the stock exchanges.

Day 1 and Day 2 Performance

The following sections show how many times different sections of the MapmyIndia IPO was subscribed on the first and second day of bidding:

Day of IPO QIB NII RII Total
First day 0.46 1.17 3.28 2.02
Second day 4.32 6.27 7.17 6.16

The IPO went live on 9 December 2021 and closed on 13 December 2021.

Bottom Line

Although the company registered average financial performance during FY19 and FY20, it managed to post excellent earnings during the current fiscal year. However, there have been valid concerns as to how long it can go forward with such high margins. The issue is also priced highly.

One should carefully consider the strengths, risks and weaknesses before subscribing. To stay updated about IPOs and the stock market, make sure to check out the Angel One blogs.

 

Frequently Asked Questions

  1. Who are the lead managers of MapmyIndia IPO?

The lead managers of this IPO are Axis Capital Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, and DAM Capital Advisors Limited.

  1. When is the listing date of MapmyIndia IPO?

The listing date of MapmyIndia IPO is 21 December 2021.

  1. How much of the issue size is reserved for each investor segment?

50% of the issue size has been reserved for the Qualified Institutional Buyers segment. While the Retail Individual Investors category will get 35% of the shares, 15% will be reserved for non-institutional bidders.

  1. What is the market lot size of MapmyIndia IPO?

The market lot size of this IPO is 14 shares. A retail investor can apply for a maximum of 13 lots, which is equal to 182 shares.

 

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